What is HPCM?
This article serves to introduce the HPCM application, with further articles focusing on the uses, benefits and value of implementing Profitability and Cost Management solutions.
Hyperion Profitability and Cost Management (HPCM) is the “new kid on the block” as far as the Oracle|Hyperion suite of Enterprise Performance Management (EPM) applications go. Released in 2008 – on the common EPM platform of Essbase, EPMA, Workspace, Shared Services – HPCM allows for actionable insight into cost and profitability management.
HPCM allows for the creation of decision support models, utilising either pre-defined cost allocation methodologies such as traditional ABC, Time Based ABC, Standard Costing or customised models allowing for the creation of very unique network costing or shared/support costing models.
The solution drives business performance by discovering drivers of cost and profitability, empowering users with visibility and flexibility, and improving resource alignment.
Traceability maps and audit trail capabilities provide unique transparency and ease of use. Oracle Hyperion Profitability and Cost Management is the only packaged profitability application that leverages Oracle Essbase Plus, the industry’s leading OLAP (Online Analytical Processing) server, for faster, easier, powerful multidimensional analysis.
Paul is an experienced senior consultant, manager and team leader who has been implementing Performance Management and Value Based Management solutions for the past twelve years.
Paul has vast experience across many industry sectors, including government, parastatal, telecommunications, banking, warehousing, transport, distribution, mining, manufacturing and insurance.
Solutions implemented include Activity Based Costing, Balanced Scorecarding, Planning, Budgeting, Forecasting, Datawarehousing, Simulation, Process Re-engineering, Performance Scorecarding and Dashboarding.
